# Scottish National Investment Bank Act 2020, Section 18: Report on strategic missions


(1) The Bank must send a mission report to the Scottish Ministers—
(a) within 3 months of receiving a document sent under section 15 (subject to subsection (3)), and
(b) on the first day of each financial year (subject to subsection (4)).
(2) A mission report is a report explaining how the Bank intends to respond to the strategic missions that the Scottish Ministers have set for it.
(3) The Bank need not send a mission report to the Scottish Ministers under subsection (1)(a) in consequence of receiving a document under section 15 if the document's only effect is to bring a strategic mission to an end.
(4) The Bank need not send a mission report to the Scottish Ministers on the first day of a financial year if, on that day—
(a) it has been less than 3 months since the Bank last sent the Ministers a mission report, or
(b) the Bank is due to send the Ministers a mission report under subsection (1)(a) within the next 3 months.
(5) A mission report may be in any form that the Bank considers appropriate and (in particular) may be part of another document.

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Source: https://www.legislation.gov.uk/asp/2020/3/section/18 (the official version)
Page: https://openlegislation.uk/scottish-national-investment-bank-act-2020/section-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.